09-01-2015, 09:30 PM
I don't feel I reacted well during Monday and Tuesday. I had accumulated about 10% of my equity portfolio in cash, ready to move oil. Then the drop came, and instead of takign the opportunity to ease into other positions as had been eyeing for years...I just kind of...well, looked on dumbfounded. I even stalled on energy!
I listened to the "doomsday hype" and kept waiting. Sure, I put limit orders on lots of things, but at doomsday prices... not at real-world dip prices.
On the positive, I lost no capitol--but I believe I missed some wonderful opportunities. So, lesson learned--$2500 of a great company at a great price is better than $2500 in the bank.
Ronn
I listened to the "doomsday hype" and kept waiting. Sure, I put limit orders on lots of things, but at doomsday prices... not at real-world dip prices.
On the positive, I lost no capitol--but I believe I missed some wonderful opportunities. So, lesson learned--$2500 of a great company at a great price is better than $2500 in the bank.
Ronn